--- title: Infomineo - Energy Newsletter --- Newsworthy articles with a focus on Europe, Middle East & Africa | View in browser   ENERGY NEWSLETTER Newsworthy articles with a focus on Europe, Middle East & Africa   July 2020 see the full archive   Deals Weir Oil & Gas Dubai signs multi-year contract in Iraq   Weir Oil & Gas Dubai has signed a multi-year multimillion dollar contract in Iraq with a major gas company to provide its fabrication, workshop-machining and field services to support the company’s operations in Iraq. ADNOC announces new Chinese partner in offshore concessions   UAE –  Abu Dhabi National Oil Company (ADNOC) has announced the transfer of ownership rights in its Lower Zakum and Umm Shaif and Nasr offshore concessions to China National Offshore Oil Corporation’s (CNOOC) subsidiary CNOOC Limited. Women 20 and Aramco announce ground-breaking partnership to promote gender equality     In the lead up to the G20 Leaders’ Summit in Riyadh in November 2020, W20 will formulate actionable policy recommendations to advance gender equality in G20 negotiations, to be agreed upon by international delegates from all G20 member states.  EDF-Jinko Power consortium wins deal for major solar project in Abu Dhabi   A consortium formed by French state-controlled power group EDF and its Chinese partner Jinko Power Technology has been awarded the Al Dhafra solar project in Abu Dhabi, United Arab Emirates, EDF said on Monday. Development Adnoc, ADQ form JV to develop chemical projects at Ruwais   Abu Dhabi National Oil Co. formed a venture with a state holding company to boost investment in petrochemical projects, part of the emirate’s drive to expand beyond raw crude into more valuable products. Kuwait's KIPIC starts operation of gas line feeding Al-Zour   Kuwait Integrated Petroleum Industries Co (KIPIC) has begun operating the gas line that will feed its long-delayed Al-Zour refinery, state news agency KUNA said on Tuesday. Originally planned more than a decade ago but repeatedly delayed, Al-Zour will be the largest integrated refinery and petrochemicals plant in Kuwait. UAE completes construction of Barakah 2   The Emirates Nuclear Energy Corporation (ENEC) has completed the construction of unit 2 of the Barakah nuclear power plant. The unit, which is in the Al Dhafra region of Abu Dhabi, has been officially handed over to ENEC subsidiary Nawah Energy Company, which can now start preparations to obtain an operating licence for the unit from the Federal Authority for Nuclear Regulation. Phase one of Saudi Arabia's SPARK 60% complete   The King Salman Energy Park (SPARK) has completed 60 percent of its first phase, which consists of infrastructure, roads, utilities, and real estate assets established across 14 square kilometers, in addition to a dedicated 3-square-kilometer logistics zone and dry port. Global Change GCC cuts emissions despite high petchem output: GPCA   Chemical producers in the Arabian Gulf have cut waste generation by 29% in 2019 and emissions by over 35% in the last six-year period, despite a continuous increase in petrochemical production across the region, a report said. Tellurian stock soars after India's Petronet renews investment deal   Shares of U.S. liquefied natural gas (LNG) developer Tellurian Inc soared after Indian sources familiar with the matter said India's top gas importer, Petronet LNG PLNG.NS , renewed a deal to give the parties more time to finalize an investment in Tellurian's Driftwood export project in Louisiana. U.S. energy secretary signs initial agreement with India on emergency oil reserves   “We expect the region's total non-hydropower renewables capacity will grow by more than 330GW between 2020 and 2029 to reach nearly 1TW of capacity, almost equivalent to the total thermal capacity expected in 2029,” the analysts said. Coal should play no part in post-coronavirus recoveries, U.N. chief says   Coal should play no part in any country’s post-coronavirus stimulus plan and economic recovery should align with global climate goals, U.N. Secretary General Antonio Guterres said in a lecture to Chinese students. Oil giants including Exxon set first joint carbon target     A group of the world's top oil companies, including Saudi Aramco, China's CNPC and Exxon Mobil, have for the first time set goals to cut their greenhouse gas emissions as a proportion of output, as pressure on the sector's climate stance grows. Renewables Bee'ah launches region's first solar energy landfill project   This is the first of its kind in the region solar energy landfill project set to generate more than 42 megawatts of energy per year. Driving environmental sustainability and a circular economy, Bee’ah has taken an integrated approach to waste management through a zero-waste strategy. Saudi Arabia Vision 2030: Solar energy can complement, not rival, oil and gas   Saudi Arabia’s Energy Minister Prince Abdul Aziz bin Salman last month announced the Kingdom’s goal of producing 50 percent of its electricity from renewable sources by 2030. The country’s Vision 2030 presents “a bold yet achievable” outline of the ways in which the Kingdom — and, indeed, the region — can and should grow. Renewable energy key to inclusive recovery in Africa:report   "Many people live out of centralized grids in a continent rich in wind, hydro and solar resources, they should be easily deployed to meet the needs of these unserved and underserved populations,"  TAQA, Masdar consortium to develop world's largest solar power plant in Abu Dhabi   A consortium led by Abu Dhabi National Energy Company (TAQA) and Masdar, a subsidiary of Mubadala Development Company, will develop the world’s largest solar power plant in Abu Dhabi.   Bahrain's SEA issues Renewable Energy Certificate   The certificate is part of the launch of an initial pilot phase through which the programme's flexibility and application mechanisms are studied at the national level to include all renewable energy systems to be registered in the renewable energy certification programme in stages.. Global Issues Lack of coronavirus vaccine will slash jet fuel demand until 2023: BofA   A rebound is at least likely to happen by the third quarter of 2021, as air traffic will take some time to return to pre-coronavirus levels and will remain restricted until at least the end of the year, Bank of America (BofA) said in a new research note. End game for oil? OPEC prepares for an age of dwindling demand   The pandemic drove down daily crude consumption by as much as a third earlier this year, at a time when the rise of electric vehicles and a shift to renewable energy sources were already prompting downward revisions in forecasts for long-term oil demand. Hedge funds stick to the sidelines on oil: John Kemp   Hedge fund position-taking in crude and products remains desultory as uncertainty about the future direction of prices and the course of the coronavirus pandemic compounds the normal summer-time trading slowdown.   INFOMINEO RESOURCES COVID- 19 Repository   When dealing with the COVID-19 crisis many people struggle to find the best sources of information. As a contribution to the business community, Infomineo has put together a repository of the best sources of information which we will keep updating during the COVID-19 crisis.  Egypt: COVID-19 Updates Egypt is one of the few countries for which IMF still forecasts positive growth for 2020. However, the overwhelmed healthcare system and insufficient testing lead the authorities to call out for a "coexistence" with the virus.       INFOMINEO Infomineo is a data and research service provider, that specializes in Africa and the Middle East, dedicated to supporting global companies in getting access to information that powers their investment decisions in the region. Through a direct presence in key markets such as the UAE, South Africa, Kenya, Egypt and Morocco, Infomineo provides a quick access to market data on key questions such as: market and product prioritization, partner identification, commercial due diligence, route to market, supply chain mapping and competitive analysis among others. Along with conducting Custom Research for clients, Infomineo also delivers an Expert Network service and a Business Translation service.  INFOMINEO, Value added business research, Casablanca - Barcelona - Cairo -, Dubai, UAE Unsubscribe | | --- |